Falck dined there, and in conversation about the Russian Loan he told us the original history of it. The Emperor of Russia had borrowed ninety millions of florins, and when his concurrence and support were desired to the new kingdom of the Netherlands he proposed in return that the King of Holland should take this debt off his hands. The King said he would gladly meet his wishes, but could not begin by making himself unpopular with his new subjects and saddling them with this debt. Whereupon England interposed, and an arrangement was made [in 1815] by which Russia, England, and the King of the Netherlands divided the debt into three equal shares, each taking one. With reference to the argument that the countries being divided we ought no longer to pay our share, Falck said the King of the Netherlands had not refused to pay on those grounds, that he had only (with reference to his heavy expenses) expressed his present inability and asked for time, which the Emperor of Russia had agreed to. What he meant was that the kingdoms were not as yet _de jure_ separated, and that the _casus_ had not yet arrived. This, however, is nothing to the purpose, for the King and the Emperor understand one another very well, and it is not likely that the King should do anything to supply us with a motive or a pretext for refusing our _quota_ to his imperial ally. Brougham's speech on the Russian Loan everybody agrees to have been super-excellent--'a continued syllogism from the beginning to the end.' Lord Holland said, and the Duke of Wellington (I am told) declared, it was the best speech he had ever heard. February 5th, 1832 {p.245}